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Rv F1320301 Form

Rv F1320301 Form

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Hi, mark kohler here and i want to talk tax and legal strategies for rv, owners now this is coming from a fellow rv Owner yes i want two winnebago mini now, don't let, the name confuse you it is a 27-foot Rv i pull behind, my yukon it's pretty cool, and i'm pretty excited Now i'm also a cpa attorney and small business, owner and i've got some tips for you if you, own an rv And we're gonna break down pros and cons. You're, gonna love it Now first the bad news under the new? Tax cuts and jobs act you cannot write off the rv as a second home any Longer and that meant the interest on the loan to buy an rv Was typically, going to be the second mortgage scenario second home write-off No, longer in 2018 until 2025 and the law Changes, also you cannot use the heloc or a. Home equity line to buy an rv And think you can, write off the mortgage interest Now under the tax cuts and jobs act you can only write off the interest on your acquisition indebtedness for your primary residence I've got oth

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